1. The auditor determined that pledged inventory was identified. Rights and obligations 2. The auditor confirmed goods held by the client in a public warehouse. Existence 3. The auditor performed a test at year end to assure all purchase Cutoff transactions for the year were included in the proper period. 4. The auditor accounted for the numerical sequence of purchase Completeness orders. 5. The auditor vouched the transactions to record payables to receiving Existence documents. 6. The auditor determined that accounts payable was presented on the Classification and balance sheet as a current liability. understandability 7. The auditor observed the taking of the physical inventory. Existence 8. The auditor performed an analytical procedure comparing the relationship of inventory balances with recent purchases, production, Existence and sales. 9. The auditor obtained representations from management about the amounts included on the financial statements for recorded transactions Existence involving sales and purchases of inventorv. documents. LAILCHILE 6. The auditor determined that accounts payable was presented on the Classification and balance sheet as a current liability understandability 7. The auditor observed the taking of the physical inventory. Existence 8. The auditor performed an analytical procedure comparing the relationship of inventory balances with recent purchases, production, Existence and sales. 9. The auditor obtained representations from management about the amounts included on the financial statements for recorded transactions Existence Involving sales and purchases of inventory. 10. The auditor compared recorded inventory costs with replacement Valuation and allocation costs